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The rupee could not maintain its upward journey against the dollar on the interbank market on Thursday, dealers said. The rupee dropped by 15-paisa against the dollar for buying at Rs 102.35 and it also lost 10-paisa for selling at Rs 102.40, they said.

Economic Co-ordination Committee (ECC) of the Cabinet has allowed National Transmission and Dispatch Company (NTDC) to raise Rs 17 billion from local banks for laying a transmission line to transfer power from 969 MW Neelum Jhelum Hydropower Project, official sources told Business Recorder. Giving the background, sources said a transmission scheme for evacuation of power from Neelum-Jhelum Hydropower project was approved by Executive Committee of National Economic Council (ECNEC) on August 28, 2013 at a total cost of Rs 22.582 billion.
The United States has moved 11 new prisoners out of a military prison near the Afghan capital, the Pentagon said on Wednesday, as the Obama administration seeks to shut down a controversial detainee program in Afghanistan ahead of its troop withdrawal. Nine prisoners were repatriated to Pakistan last week from the Parwan detention center, located on a military base near Kabul, said Lieutenant Colonel Myles Caggins III, a US military spokesman.
Pakistan on Thursday received $371.4 million from the United States on account of Coalition Support Fund (CSF). Sources said this is the first CSF payment during this fiscal year and another tranche of over $350 million is expected in the second half of FY15. The last CSF tranche amounting to $352 million was received in February 2014. "Yes, the country has received $371.2 million from the United States under the Coalition Support Fund," confirmed a State Bank official.
To facilitate taxpayers, the Federal Board of Revenue (FBR) has extended the date for filing of returns of total income/statement of final taxation, which is due from August 31, 2014, to September 30, 2014. In this regard, the FBR has issued circular number 4 of 2014 here on Thursday. As a measure of taxpayers' convenience it has been decided by the FBR to extend the date of filing of tax returns for 30 days as August 31, 2014 last date of filing returns has been extended up to September 30, 2014.
European Union has removed the temporary cargo ban restriction that was imposed on PIA cargo shipments to Europe. PIA spokesman said here on Thursday. The decision has been taken after satisfactory examination and approval by the EU inspection team. The airline has now resumed its cargo shipments to EU, PIA spokesman concluded.
Security forces on Thursday safely recovered kidnapped Vice Chancellor of Islamia University Professor Ajmal Khan four years after his abduction by Taliban militants. A statement issued by the Inter-Services Public Relations (ISPR) said that security forces and intelligence agencies had been trying to locate Professor Khan since September 8, 2010 when he was kidnapped in Peshawar while going to university. "Civil society and relatives appreciated the untiring efforts of Pakistan Army for the safe recovery of Mr Ajmal Khan," said the statement.

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln